Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    12700 State St Lemont, IL 60439
    Property profile & analytics

    12700 State St Lemont, IL 60439

    View on Map
    • Grocery and convenience stores
    • 8.40 lot acres
    For Lease
    $22 SF/Yr
    View Listing →
    Retail Space Near Jewel Osco For Lease
    $22 SF/Yr
    3,000 SF

    Retail Space Near Jewel Osco

    3,000 SF retail space adjacent to Jewel Osco.

    12700 State St, Lemont, IL
    View Listing
    Property ID
    US28-1839479
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Laurel Locksmith Lemont LLC / Corporate Office
    • Northway Locks & Keys / Corporate Office
    • Zevallos Garage Spring & Opener Repair / Metal Industry Suppliers / Garage Door Supplier

    Property Details for 12700 State St

    Year built
    1995
    Lot size
    8.40 lot acres
    Property type
    Grocery and convenience stores
    APN
    22-32-107-013
    APU
    2232107013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Lemont
    County
    Cook
    State
    Illinois
    Longitude
    -88.0013
    Latitude
    41.6557
    CBSA code
    16980
    CBSA name
    CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $533,250
    $640,227
    $1,556,171
    $2,196,398
    -
    $2,560,908
    $6,224,684
    $8,785,592

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      80 Main St

      GROCERY, SUPERMARKET • 0.17 Acres
      80 Main St, Lemont, IL 60439-3622
      View Details
    • Value Estimation by Request
      0.83 Acres

      80 Main St

      GROCERY, SUPERMARKET • 0.83 Acres
      80 Main St, Lemont, IL 60439-3622
      View Details
    • Value Estimation
      $16,650,000

      1052 State St

      GROCERY, SUPERMARKET
      1052 State St, Lemont, IL 60439-4257
      View Details
    • Value Estimation by Request
      0.14 Acres

      606 State St

      RETAIL STORES (PERSONAL SERVICES) • 0.14 Acres
      606 State St, Lemont, IL 60439-3832
      View Details
    • Value Estimation
      $820,000
      0.22 Acres

      112 Main St

      STORE, RETAIL OUTLET • 0.22 Acres
      112 Main St, Lemont, IL 60439-3641
      View Details
    • Value Estimation by Request
      4.19 Acres

      1237 State St

      RETAIL STORES (PERSONAL SERVICES) • 4.19 Acres
      1237 State St, Lemont, IL 60439-4419
      View Details

    Similar Nearby for Sale

    • New
      $700,000
      0.15 Acres

      Established Deli Business in Lemont

      Profitable deli business with high visibility and income potential.
      818 State St, Lemont, IL 60439
      View Details
    • $340,000
      0.05 Acres

      Commercial Property in Downtown Lemont

      Commercial property in a sought-after downtown location, built in 1995.
      408 Main St, Lemont, IL 60439
      View Details
    • $1,000,000

      Vacant Land in Lemont, Illinois

      2.3-acre vacant land site zoned for commercial retail uses.
      15980 W 127Th St, Lemont, IL 60439
      View Details
    • $799,000
      0.38 Acres

      Downtown Lemont Vacant Land Parcel

      Rare vacant land parcel in downtown Lemont, ideal for development.
      523 Talcott Ave, Lemont, IL 60439
      View Details
    • $250,000
      0.56 Acres

      Lemont Land Package For Sale

      Two residential lots in Lemont, close to amenities.
      19w760 Bluff Rd, Lemont, IL 60439
      View Details
    • Contact for pricing

      1.56 Acre Site with Building

      1.56-acre property with 2,000 SF building, ideal for logistics.
      11343 Joliet Rd, Lemont, IL 60439
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      1,000 SF

      Retail Space Near Jewel-Osco

      Prime retail space available in Lemont's Centennial Plaza.
      1210-1264 State St, Lemont, IL 60439
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in Lemont Center

      Retail space available in Lemont, anchored by Pete's Fresh Market.
      1100-1120 State St, Lemont, IL 60439
      View Details
    • $22 SF/Yr
      1,000 SF

      Retail Space Near Jewel Osco

      3,000 SF retail space adjacent to Jewel Osco.
      12700 State St, Lemont, IL 60439
      View Details
    • Contact for pricing

      Retail Land Lease Opportunity

      Ground lease opportunity in prime retail corridor near Jewel-Osco.
      1210 State St, Lemont, IL 60439
      View Details
    • Contact for pricing

      Lemont Commercial Space For Rent

      Commercial space available for rent in Lemont, Illinois.
      12300 W New Ave, Lemont, IL 60439
      View Details
    • Contact for pricing

      Industrial Site in I-55 South

      New 326,630 SF warehouse in desirable I-55 South submarket.
      17025 Davey Rd, Woodridge, IL 60439
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12700 State St
    Lemont, IL 60439
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12700 State St, Lemont, IL, 60439
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!